powerboats

A rather interesting development! Hustler Powerboats is reportedly in negotiations to purchase the assets of Fountain Powerboats and in turn Baja as well. :thumb: The following message was posted on Hustler's home website, as well as on their Facebook page. "Hustler Powerboats is currently...

WASHINGTON, N.C. — Fountain Powerboats filed for Chapter 11 bankruptcy protection today, according to U.S. Bankruptcy Court documents from the Eastern District of North Carolina. Link to full article below... :( http://www.boating-industry.com/output.cfm?id=2268487 Here's another article...

Powerboat sales continue to decline on a year over year basis. Interesting of note, stern drives sales were down approximately 40%, whilst outboard models were down 27%. Link to full article below. :) http://www.boating-industry.com/output.cfm?id=2095795 -Chris

There has been a lot of twists and turns recently with Fountain. Most recently of note, they purchased the assets of Baja from Brunswick. For their fourth quarter 2008 results they are reporting a net profit of $258,305 dollars on more or less flat gross sales of 20.7 Million. Not too bad...

Well, this story has more turns than a soap-opera. The President of Fountain Powerboats has resigned effective August 22, 2008. Link to full article below. :) http://www.boating-industry.com/output.cfm?id=1721395 -Chris

A rather interesting article and turn of events... Fountain Powerboats has secured a grant from the State of North Carolina on the heels of the acquisition of Baja. The State grant is intended to help Fountain create 250 additional jobs over the next five years. Link to full article here

Fountain, who just recently acquired the assets of Baja has received a letter from Amex that it is non-compliance of the stock exchange rules. The letter references non compliance of part 10 section Section 1003(a)(iv) of it's company guide. Fountain was notified that it was in...